Boring Business: Big Success Building a HVAC Empire with John Akhoian

Boring Business: Big Success    Building a HVAC Empire with John Akhoian Summary John Akhoian, the founder of Rooter Hero Plumbing, shares his journey of starting and growing his plumbing and HVAC company through acquisitions and rapid expansion. He discusses the strategy behind acquiring other companies, the importance of targeting specific demographics, and the challenges of managing multiple locations. John also highlights the equity packages offered to employees and the goal of creating 100 millionaires within the company. Overall, Rooter Hero Plumbing focuses on providing excellent customer service and creating a positive work environment for its employees. Takeaways Rooter Hero Plumbing has experienced rapid growth through acquisitions and strategic expansion. The company focuses on targeting specific demographics and providing excellent customer service. Rooter Hero Plumbing offers equity packages to employees and aims to create 100 millionaires within the company. The founder emphasizes the importance of mentorship and networking for personal and professional growth. Chapters 00:00 Introduction and Background 01:09 Starting Rooter Hero Plumbing 02:05 Expansion and Acquisition Strategy 03:12 Acquiring Specialty Contracting Group 04:22 Acquiring Can Do Plumbing 05:19 Acquiring HVAC Companies 06:38 Number of Locations and Average Revenue 07:04 Target Demographics for Expansion 08:20 Equity Packages and Future Plans 12:26 Number of Trucks and Employees for Revenue Generation 19:11 Pricing Strategy and Unit Level Economics 20:17 Acquisition Process and Funding 26:44 Challenges and Mentorship 31:11 Employee Turnover and Hiring Criteria 35:29 Compensation for Technicians 36:13 Goal of Creating Millionaires